Welcome and thank you for visiting!

The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.
NEW SERVICE: I'm pleased to announce the launch of my new service as a Certified Professional Life Coach...please check out this page for details and updates.

Thanksgiving

Thanksgiving

EVENTS

UPCOMING ECONOMIC EVENTS
* Thurs. Nov. 27th - U.S. markets closed for Thanksgiving
* Fri. Nov. 28th - NYSE closes @ 1:00 pm ET
* Wed. Dec. 17th @ 2:00pm - FOMC Interest Rate Announcement + FOMC Economic Forecasts...2:30 pm - Chair Press Conference

Wednesday, 30 November 2011

Liquidity Solved...Unemployment is Not

The markets soared this morning after this news article was released regarding a coordinated action by major central world banks to provide liquidity to the global financial system as a preemptive strike against rising stresses in the banking system: http://www.reuters.com/article/2011/11/30/us-markets-global-idUSTRE7AK01K20111130

In contrast, there was no negative market reaction to today's monthly data release which showed a rise in the European unemployment rate to 10.3% (its highest level in 11 years), as shown in the graph below (provided courtesy of www.forexfactory.com):


The banks are happy...are the citizens?